NEW YORK, Feb. 19, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of shareholders of Gaotu Techedu Inc. HAVE YOUAvaya Holdings Corp. AVYAAVYAWBioLineRx Ltd. BLRXand Enovix Corporation ENVX. Shareholders have until the deadlines below to petition the court to be lead plaintiff. For more information on each case, see the link provided.

Gaotu Techedu Inc. GOT YOU

Class period: March 5, 2021 – July 23, 2021

Lead Plaintiff Deadline: February 28, 2023

The Gaotu class-action lawsuit alleges that throughout the class-action period, the defendants made false and/or misleading statements and/or failed to disclose the following: (i) China banned for-profit tutoring in core school subjects and the policy change would restrict foreign investment in a sector that had
become essential for success in Chinese school exams; and (ii) the impact such regulations would have on Gaotu’s operations and profitability and the value of Gaotu’s securities.

On July 23, 2021, Reuters reported that “China bans profitable tutoring in core school subjects to ease financial pressures on families that have contributed to low birth rates, news that sent shockwaves through its vast private education sector and the plunge in stock prices.” . The article added: “[a]All institutions providing tutoring for the school curriculum will be registered as non-profit organizations and no new licenses will be issued, said the document, which says it was distributed to local governments by China’s State Council, or cabinet, and dated March 19. is dated July. “At this news, the price of Gaotu ADSs fell more than 63%, hurting investors.

For more information on the Gaotu Class Action, please visit: https://bespc.com/cases/GOTU

Avaya Holdings Corp. AVYAAVYAW

Class Period: October 3, 2019 – November 29, 2022

Lead Plaintiff Deadline: March 6, 2023

Avaya claims to be a “world leader in digital…